Financial Performance Management at Virgin Atlantic and British Airways – Financial performance is a comprehensive review of a company’s entire position in areas such as assets, liabilities, equity, costs, revenue, and overall profitability. Assets, liabilities, and equity are all measured separately. It may be calculated using a variety of business formulae that provide users with precise information about a company’s potential efficacy. In the case of internal users, financial performance is used as a benchmark to gauge the health and position of their specific organisations.

The financial performance of a firm is scrutinised by other parties in order to decide whether or not it is a worthwhile investment. Financial statements must be analysed before any financial indicators can be used to determine overall performance. A financial performance study uses precise financial formulae and ratios, which, when contrasted to historical and industry indicators, give insight into a company’s financial health and performance. Financial performance is measured using seven important ratios that are widely utilised in the business sector to aid and assess the overall performance of a firm.